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This property looks like a bad Long-Term investment with a projected -3.54% first-year return on $60,963 initial cash invested.
-3.54%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$2,311
Rent
-$180
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,311 income − $2,491 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,963
Downpayment
20%
$58,060
Closing costs
1%
$2,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$2,491
Mortgage P&I
69%
$1,594
Property Taxes
8%
$193
Home Insurance
4%
$102
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0